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Medidata Solutions Bearish Moving Average Crossover Alert (MDSO)

By Shiri Gupta

Medidata Solutions (NASDAQ:MDSO) crossed under its 10-day moving average of $74.35 on a volume of 266K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Medidata Solutions have traded between a low of $26.72 and a high of $127.77 and are now at $70.67, which is 164% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Medidata Solutions on February 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.86. Since that recommendation, shares of Medidata Solutions have risen 30.3%. We continue to monitor MDSO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses medidata solutions

Ticker(s): MDSO